Principles and Practices of Financial Management
The Financial Services Authority requires us to produce a
document outlining our Principles and Practices of Financial
Management, or PPFM. This document sets out how we manage our
with-profits business, which includes our Regular Savings Plan.
You can download and keep the latest copy
of our PPFM document below.
Principles and
Practices of Financial Management
1.
The Principles - how we run our business longer term.
- The overarching standards that we adopt in managing the Life
Fund (where all our with-profits plans are invested).
- The business model we use to ensure that we meet our duties to
our with-profits policyholders.
- How we respond to changes in the business and economic
environment.
2. The
Practices - covering the shorter-term.
- How we manage the Life Fund.
- How we respond to changes in the business and economic
environment in the shorter-term.
The practices allow a knowledgeable observer to understand the
key risks and rewards of taking out - or keeping an existing -
with-profits plan with Police Mutual.
We monitor compliance with the PPFM on an annual basis. Our
latest report is available for download below.
PPFM Compliance Report